Forum Replies Created

Viewing 20 posts - 21 through 40 (of 47 total)
1 2 3
  • Profile photo of WAFWAF
    Member
    @waf
    Join Date: 2003
    Post Count: 61
    February 27, 2004 - 6:32 am

    Retract my last post, sorry Investors Club it was not you I was referring to. Don’t know how to remove it moderators may.

    Waf

    Profile photo of WAFWAF
    Member
    @waf
    Join Date: 2003
    Post Count: 61
    February 27, 2004 - 6:28 am

    Doubts about the Investors Club? No way. I have contacted them at least 4 times asking for some info. I have used email and their website. Replies 0.

    Doubts not any more

    Waf

    Profile photo of WAFWAF
    Member
    @waf
    Join Date: 2003
    Post Count: 61
    February 26, 2004 - 6:18 am

    Cash flow property in the UK sure is, actually a very recent thread about it on the somersoft forum. Check it out.’

    Cheer

    Profile photo of WAFWAF
    Member
    @waf
    Join Date: 2003
    Post Count: 61
    February 23, 2004 - 4:41 am

    “It should only take you about 30 min a day to find a great deal… Also the 11 second solution to speed things up..”

    Ali-G 30 minutes a day, you are kidding right? Obviously you know something I don’t or I’m looking in the wrong place.

    Please explain

    Profile photo of WAFWAF
    Member
    @waf
    Join Date: 2003
    Post Count: 61
    February 23, 2004 - 4:12 am

    Thanks,guys questions answered.

    Cheers

    Profile photo of WAFWAF
    Member
    @waf
    Join Date: 2003
    Post Count: 61
    February 18, 2004 - 3:11 am

    Melbear,
    cheers, thanks for the reply an empire woudn’t mind might have to get copy of Trust Magic.

    Ta.

    Profile photo of WAFWAF
    Member
    @waf
    Join Date: 2003
    Post Count: 61
    February 18, 2004 - 1:21 am

    Lucifer-au,
    thanks for your reply, do most people who plan to invest in a number of properties form a trust? how do you start one?

    Cheers

    Profile photo of WAFWAF
    Member
    @waf
    Join Date: 2003
    Post Count: 61
    February 17, 2004 - 10:06 am

    Don’t get me started on this one, one child 18% of my wage.. yeah right.. I pay child support always have, also help with school fees uniforms and a host of other things and why not I am the father… But what if I have a net income of 1000 000 (I wish) ex gets 180 000.. Someone tell me where the logic is shoudn’t we pay an appropriate amount to support the child, why the more I earn the more my ex gets to sit at home drink and smoke and look after her five children whilst receiving child support from 3 fathers.

    Yeah Larelle no wonder 15 men a week commit suicide. Some of us just chose to leave the country[:(!]

    Profile photo of WAFWAF
    Member
    @waf
    Join Date: 2003
    Post Count: 61
    February 9, 2004 - 9:13 am

    Is this a required step. I mean the entity/trust I have two IP’s and are going to buy more do I need to form a trust/business/partnership, what are the benefits, and how do I do it. Sorry for all the questions.[:)]

    Profile photo of WAFWAF
    Member
    @waf
    Join Date: 2003
    Post Count: 61
    February 9, 2004 - 8:37 am

    Thanks all for the helpful info. Much appreciated.

    [:)]

    Profile photo of WAFWAF
    Member
    @waf
    Join Date: 2003
    Post Count: 61
    January 22, 2004 - 7:01 am

    Yep I have REAP, also have POSH and other software that is cheaper and does much the same thing. Whilst it’s good I would probably say there is other software offering better value.

    cheers

    Profile photo of WAFWAF
    Member
    @waf
    Join Date: 2003
    Post Count: 61
    January 22, 2004 - 1:27 am

    Sambo,
    Hi, first post I see welcome. Basically no one is going to make it easy for you, I don’t think there is an easy way, some people spend in excess of 12 hours a day sourcing properties. Some good advice (may not seem that way) has been given already. First locate an area where due to its geographical location, industries, tourist or lifestyle features offers something other areas dont. Then research the areas as mentioned, population, vacancy rates, income, employment, crime rates etc. Once you have identified one or more of these areas which importantly you believe have the ability to substain their appeal, then contact real estate agents and go from there.

    This is not set in stone as it may happen the other way round, you may see a property offering good returns first. Doesnt matter the same research should be done. Sorry there is not an easier way (if there is noone is telling me) unfortunately there is no substitute for hard work. Best of luck.

    WAF

    Profile photo of WAFWAF
    Member
    @waf
    Join Date: 2003
    Post Count: 61
    January 21, 2004 - 3:29 am

    Hi,
    I would say don’t disclose, there is no requirement to disclose it if you have a deposit/equity and ability to repay. If you do disclose it and list it as an asset then should you default on your loan repayments they can in the worst case scenario begin to seize assets. If they don’t need to know don’t tell them.

    Cheers

    Profile photo of WAFWAF
    Member
    @waf
    Join Date: 2003
    Post Count: 61
    January 16, 2004 - 10:04 am

    Figures,
    I was to late and properties had been sold, but all ranged from 55-105K and had COCR returns of between 10 & 48% based on 80% finance at 6% all residential houses (one strata unit). I think all had a rental occupancy of 90-100%

    I was impressed

    Profile photo of WAFWAF
    Member
    @waf
    Join Date: 2003
    Post Count: 61
    January 14, 2004 - 9:32 am

    residentialwealth,
    Hi would you be prepared to share your forms with others, of particular interest to me would be the one you used for purchase, as I think I’ve said I have no real knowledge about commercial property. Won’t be surprised if you don’t but any advice is appreciated.

    Cheers[:)]

    Profile photo of WAFWAF
    Member
    @waf
    Join Date: 2003
    Post Count: 61
    January 13, 2004 - 1:23 am

    Thanks all for the informative posts, I expected to get some clear cut reasons as to why to avoid commercial property, whilst I got some great advice it appears that as melbear put it

    ” WAF, I think it’s because not as many people understand commercial as residential. We all live in a house/unit so we know what to look for.”

    I would tend to agree and and as a result would not rule out commercial property as an investment. Whilst myself and my partner are just starting (two neg IP’s) I believe diversification is the way to go and at the moment tend to source +CF properties whether they be rural residential or rural/metro commercial.

    Finally thanks again for the help and ideas[:)]

    Profile photo of WAFWAF
    Member
    @waf
    Join Date: 2003
    Post Count: 61
    January 12, 2004 - 9:15 am

    Josh,
    yes I agree, there appears to be slightly more risk. At the moment however, I notice a lot of investors heading rural in pursuit of 10%+ returns. As I see it the Capital Growth on rural would in most cases be similar to capital growth on Commercial only the +CF on commercial is nearly double!!!!!

    Profile photo of WAFWAF
    Member
    @waf
    Join Date: 2003
    Post Count: 61
    January 9, 2004 - 9:40 am

    Matt P,
    excellent thanks for that. I think some of us forget what it was like when we started.

    Much appreciated.

    Cheers[:)]

    Profile photo of WAFWAF
    Member
    @waf
    Join Date: 2003
    Post Count: 61
    January 9, 2004 - 7:52 am

    May be part of the fun, but what’s fun about searching through hundreds of posts to find out about the meaning of PPOR? I think the site is wonderful and obviously I would learn alot by searching through those posts. But logic may not be my strong point, would’t it be easier to go to one central location to find what the abreviation means rather than spending hours searching through post’s. Didn’t think the idea was to stupid actually, or is it that’s it part of the newbie initiation to have to spend endless hours wasting time?

    Thanks

    Profile photo of WAFWAF
    Member
    @waf
    Join Date: 2003
    Post Count: 61
    January 9, 2004 - 3:17 am

    Markpatrick,
    I asked the RE the same question and he basically said that the owner needed the cash and was not prepared to wait a couple of years for council to approve it.

    Cheers

Viewing 20 posts - 21 through 40 (of 47 total)
1 2 3